Property value increases in Ararat have tracked lower than the VIC average of 11.00% over the last 12 months.
While Ararat,3377 ranked number 323th in VIC for increase in median house value (annualised) increase, it is ranked 463th over the last 5 years.
Property investors looking for a bargain in Ararat should be aiming for at least -6.87% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $250 weekly from the median priced house in this suburb.
The five-year average increase in median property values for Ararat,3377 has given property investors a potential capital gain of -39.57% across each of those five years.
On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.
With the median price for a house in Ararat being $147000 and the advertised rent reaching $187.5 the gross rental yield for property investors calculates out to be 6.63%